The Economy Created How Many Jobs?

Is the BLS jobs data massaged? Yes—it has to be, if only to address the effects of seasonal fluctuations in labor. Yet the true significance in the jobs data—whether obtained from the BLS Employment Situation Summary or the ADP National Employment Report—lies in the trends that data reveals. While any individual month’s numbers are to a degree problematic, it is in the trends charted by those numbers that we are able to see if the employment situation in this country is getting better or worse.

The jobs data is massaged. The trends not so much.

Links And Sources

• December Employment Situation Summary (BLS): https://archive.ph/KjkOT

• National Employment Report (ADP): https://archive.ph/sqFLl

• All Employees, Total Nonfarm: https://fred.stlouisfed.org/graph/?g=1CRgW

• All Employees, Total Nonfarm: https://fred.stlouisfed.org/graph/?g=1CRfE

• Total Nonfarm Payroll Employment: https://fred.stlouisfed.org/graph/?g=1CRgY

• Total Nonfarm Payroll Employment: https://fred.stlouisfed.org/graph/?g=1CQUm

• All Employees, Total Private: https://fred.stlouisfed.org/graph/?g=1CQZj

• ADP vs BLS Unadjusted and Indexed, 2010-2024: https://fred.stlouisfed.org/graph/?g=1CRCj

• ADP vs BLS, Unadjusted, 2024: https://fred.stlouisfed.org/graph/?g=1CRhj

• Nonfarm Private Payroll Employment For Manufacturing: https://fred.stlouisfed.org/graph/?g=1CRhK

• All Employees, Manufacturing: https://fred.stlouisfed.org/graph/?g=1CRi5

• ADP vs BLS, Manufacturing, 2021-2024: https://fred.stlouisfed.org/graph/?g=1CRik

• ADP vs BLS, Construction, 2021-2024: https://fred.stlouisfed.org/graph/?g=1CRiZ

• ADP vs BLS, Trade, Transportation, And Utilities, 2021-2024: https://fred.stlouisfed.org/graph/?g=1CRj2

• ADP vs BLS, Private Education And Health Services, 2021-2024: https://fred.stlouisfed.org/graph/?g=1CRj3

• ADP vs BLS, Leisure And Hospitality, 2021-2024 : https://fred.stlouisfed.org/graph/?g=1CRj6

• ADP vs BLS, Professional And Business Services, 2021-2024 : : https://fred.stlouisfed.org/graph/?g=1CRj9

• ADP vs BLS, Seasonal, Indexed 2021-2024: https://fred.stlouisfed.org/graph/?g=1CRls

• ADP vs Establishment Survey vs Household Survey, Seasonal, Indexed, 2021-2024:

  https://fred.stlouisfed.org/graph/?g=1CRlJ

• BLS Employment Level, Part-Time for Economic Reasons: https://fred.stlouisfed.org/graph/?g=1CRlZ

• BLS Unemployment Level: https://fred.stlouisfed.org/graph/?g=1CRla